GET STARTED NOW

Express Interest in this Property

Caffe Nero & Wenzels, Rickmansworth, Greater London

80 & 80a High Street, Rickmansworth, WD3 1AQ

Basic Facts

Property ID: 4692 Post Updated: 2019-12-09 17:27:40
Status: Type:
Tenure: Freehold Gross Rent: £ 88,310
Lease Term: Ca. 10 years from 2016

Property Description

  • Freehold blue chip coffee shop & takeaway restaurant investment in Greater London
  • Two ground floor retail units fitted to a good spec with four self-contained flats arranged over two upper floors
  • The flats are accessed from side / rear of the corner property and have been sold off on long leases

Location Description

  • Rickmansworth is a prosperous and highly sought-after residential suburb which lies approx. 15 miles north-west of Central London and 2 miles to the M25 motorway
  • It is a popular commuter area with London Metropolitan tube services to Central London
  • The property is located in the middle of the very affluent Rickmansworth High Street, adjacent to Boots Pharmacy, Prezzo, and other major multiples like WH Smith, SpecSavers, Clarks, Superdrug amongst many other blue-chip tenants.

Additional Notes

  • Caffe Nero have signed a new 10 year lease for 80 High Street (1,954 sq ft unit) at a rent of £55,000 p.a. The floor area measures 2,215 sq.ft.
  • 80a High Street is currently let to Mr P Wenzel & Mr J Wenzel trading as Wenzels on a 15 year lease from April 2002 at rent of £29,500 p.a. The floor area measures 673 sq.ft.
  • The lease has been renewed from expiry for a further 10 years at a rent of £32,500 p.a.
  • The 3 flats above Caffe Nero are sold off on long leases with a total ground rent of £750 p.a.
  • The flat above Wenzels is sold off on a 125 yease from 1991 at a ground rent of £60 p.a
  • Total passing rent of whole building is £88,310 p.a. from April 2017

Features

Attractive property
Blue-chip tenant
Finance available
Freehold
Lease term: 10 - 15 years
No Break clauses
Prime location

Current Opportunities

Current Opportunity

Retail & HMO, Southall

2-6 The Broadway, Southall, UK View on map
6701 sq ft
Call for price
Current Opportunity

Tesco Express, Twickenham

246 Powder Mill Lane, Hounslow, UK View on map
Gross Yield % 5.5
4157 sq ft
£ 2,300,000
Current Opportunity

Tesco, Shepherds Bush

Tesco Express, 31 Uxbridge Rd, London W12 8LH, UK View on map
Gross Yield % 5.5
3800 sq ft
£ 2,200,000
Current Opportunity

Vacant Retail Unit, Wokingham

1 Beechey Place, Wokingham, UK View on map
2530 sq ft
£ 600,000
Current Opportunity

Domino’s, Colchester

3 North Station Road, Colchester CO1 1RH, UK View on map
Gross Yield % 6.1
3500 sq ft
£ 450,000
Current Opportunity

Swan Pub, Wimslow

2 Buckingham Rd, Winslow, Buckingham MK18 3DY, UK View on map
Gross Yield % 7.3
2500 sq ft
£ 450,000
Current Opportunity

Bathroom Shop & 8 Flats, Kenton

142-144 Kenton Rd, Harrow HA3 8AZ, UK View on map
8302 sq ft
£ 2,500,000
Current Opportunity

Pizza Hut, St. Albans

18 Beech Rd, St Albans AL3 5AS, UK View on map
Gross Yield % 6
1042 sq ft
£ 440,000

Specsavers, Savers & Comfort Sofa’s

66 Boothferry Rd, Goole DN14 5BT, UK View on map
Gross Yield % 7.9
7586 sq ft
£ 650,000
Current Opportunity

Newly Refurbished Warehouse & Offices, Sutton

5 Sandiford Road, Sutton, SM3 9RN
Gross Yield % 8
11300 sq ft
£ 2,000,000

Boots & Flat, Chingford, Greater London

9-11 Old Church Rd, Chingford Mount, London E4 6SJ, UK View on map
Gross Yield % 5.8
3792 sq ft
Call for price
Current Opportunity

Co-op Food, Bermondsey

Crimscott St, London SE1 5TE, UK View on map
5326 sq ft
£ 2,450,000

Iceland, Houghton-Le-Spring

15 Newbottle St, Houghton le Spring DH4 4AP, UK View on map
1292.70 sq ft
£ 1,300,000
Current Opportunity

Shop & 3 flats, Redhill

3 Brighton Rd, Redhill RH1 6TW, UK View on map
2595 sq ft
£ 950,000

Nail Salon, Stanmore, Greater London

7A The Broadway, Stanmore HA7 4DA, UK View on map
Gross Yield % 5
692 sq ft
£ 425,000
4992 sq ft
£ 3,800,000

Bodycare, West Bromwich

19 St James Pl, Mangotsfield, Bristol BS16 9JB, UK View on map
3713 sq ft
High Yield

Mixed Parade (Card Factory, Greggs & Restaurant), Boscombe

617 Christchurch Rd, Boscombe, Bournemouth BH1 4AP, UK View on map
£ 875,000
Current Opportunity

Victorian Shopping Arcade, Walsall

11 Lower Hall Ln, Walsall WS1 1RL, UK View on map
Gross Yield % 12.2
35724 sq ft
Call for price